Could this market be the next to implement a foreign buyer tax?
Housing starts are down, and one major market has been hit the hardest.
Meridian Credit Union’s record-low mortgage promotion drew a lot of interest from potential clients, according to the company’s president, and not just for that specific product.
Brokers frustrated by appraisal management companies may have to look to lenders to bring about change.
For many Canadians the use of home equity has become the credit line of choice, replacing credit cards, and this is worrying say consumer advocates.
Amid the competitive environment of the current mortgage market creativity is winning for many mortgage brokers and lenders.
Economists at BMO Nesbitt Burns forecast that Newfoundland and Labrador will slip into recession this year but Alberta will narrowly avoid one.
Brokers and appraisers have both expressed frustration about appraisal management companies, and now the country’s largest provider is responding to broker feedback.
Brokers have reason to rejoice: yet another economist has suggested that the Bank of Canada is unlikely to increase interest rates.
Brokers in hard-hit Alberta may want to be cautiously optimistic about the country’s latest employment figures, as jobs are up in oil country.
Many Canadian homeowners are choosing to renovate rather than move but their budget is lower this year than last.